Wal Mart at DB Access Conference Notes

“So back about a year ago, we had around 10 million items online. Now, we have over 50 million items online. Now, 50 million still not as much as some of our competitors would have. The difference between 10 million and 50 million is a big difference. Over time, I think, we’ll figure out what the right number of skews would be online.”

There will always be places where stores make sense

“So I’ll start with the kind of the square footage strategy. So today in the U.S. about 90% of U.S. population lives within 10 miles of one of our stores. So we’re very close to the customer. And we think that’s a benefit for us going forward whether that’s brick-and-mortar, or whether that’s eCommerce. We’ve talked about that we’re building fewer stores in the U.S. We’ll have a couple of handfuls of Supercenters that will open and about the same number of neighborhood markets. We want to – I think there will always be places where stores will make sense. ”